Neon EVM Launches on Solana Mainnet – CoinJournal

[PARIS] – July 17, 2023 – Throughout ETHCC23, Neon EVM launched on the Solana Mainnet to assist shut the hole between the completely different programming, computing, and reminiscence fashions of Ethereum and Solana, bringing a low-friction resolution to permit EVM dApps to settle to Solana.

The Neon EVM program is a great contract on the Solana blockchain. It accepts wrapped Ethereum-like transactions and processes them on Solana.

Beforehand, when EVM dApps wished to leverage low-cost options, they’d to make use of a rollup or sidechain. Through the use of Solana because the settlement layer, an EVM is well-placed to outcompete such L2 options. The typical transaction charge for sending ETH on the Ethereum community is ~$2. The L2s supply between $0.5–$0.1, a saving of 4–20 instances. As compared, Solana’s common transaction charges are ~0.00001 SOL ($0.0002) per transaction, 10,000 instances saving. Preliminary exams of Neon EVM in Devnet show that the protocol translates these optimizations in practice.

“We’re very excited to see Neon EVM stay on Solana Mainnet,” says Marina Guryeva, Director of Neon Basis. “As soon as we repeat these exams in manufacturing, we’ll current the figures based mostly on real-world information.”

With the launch of Neon EVM on the Solana Mainnet, the Neon DAO is activated to start collaborating in, and influencing the long run growth of, Neon EVM.

About Neon EVM

Neon EVM is an Ethereum Digital Machine working as a sensible contract on Solana. It offers builders the ability to immediately deploy Ethereum dApps with minimal reconfiguration to the code, whereas benefiting from Solana’s technical benefits. It’s constructed with safety, decentralization, and sustainability as core tenants. For extra details about Neon EVM and future updates, go to NeonEVM.org and join with the group on Twitter or Discord.

 Hyperlinks and sources:

• Discover the Neon EVM group on Twitter or Discord
• To decide on a public RPC endpoint, see ChainList
• For a high-level overview of the technical structure and options of Neon EVM, the whitepaper is offered at NeonEVM.org/whitepaper.pdf
• View Neon EVM transactions settled to Solana with the NeonScan or BlockScout explorers.
• IRL: Epic Layer 2 Day, an occasion for researchers, builders, and fans devoted to Ethereum L2 Scaling, see: lu.ma/l2paris